Key Market Indicators
**Cypriot DC Motor Imports Projected to Decline by 2028** The import of Direct Current (DC) motors in Cyprus is projected to decrease to approximately $36,800 by 2028, down from an estimated $45,800 in 2023. This decline represents an average annual decrease of 3.5% in compound annual growth rate (CAGR). Historically, since 1994, the demand for DC motors in Cyprus has been on a downward trend, with an average annual reduction of 4.4%. **Significant Drop in Cypriot DC Motor Exports Predicted** On the export front, Cyprus is expected to see a significant decline. DC motor exports are forecasted to plummet to about $124 by 2028 from roughly $21,900 in 2023. This sharp decrease translates to an average annual fall of 62.8%. Despite the current decline, Cyprus has shown a historical increase in DC motor supply, with an average annual growth rate of 16.2% since 1996. In 2023, Cyprus was ranked 71st in global DC motor exports, with Uruguay marginally ahead, also at approximately $21,900. Top-ranking countries in this sector were Germany, the United States, and France, occupying the second, third, and fourth positions respectively.
